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Thursday, December 13, 2012

Wednesday, December 5, 2012

With the 2008 financial crisis still lingering in our economy, another mini-bubble regarding the auto industry could be inflating for U.S. consumers and producers. In November, U.S. auto sales rose dramatically to its all time high in over four years. Cheap financing and low interest rates point to the obvious culprit.Another Financial Bubble? U.S. Auto Sales Rise Dramatically

Saturday, December 1, 2012

Does destruction create jobs? After natural disasters, terrorist attacks, and wars, some people argue that these disasters are good for the economy, because they create jobs and prosperity. As Prof. Art Carden of Rhodes College explains, this is an example of the "broken window fallacy," a term coined by Frederic Bastiat. When a shopkeeper's window is broken, he will spend money on a new window, which gives income and jobs for glaziers. This activity is "seen," but the "unseen" is just as important: the money spend on a new window could have been spent on other things. Wealth has not increase, but only reallocated from some people to others, and society is worse off by one window.-http://youtu.be/erJEaFpS9ls

Friday, November 30, 2012

One of the more stunning aspects of the November survey results is the decline in small-business owners' optimism for the future. As entrepreneurs, small-business owners tend to be optimistic by nature, and relatively more optimistic about the future than the present. Given this context, owners' increasing pessimism toward their future not only reflects uncertainty, but also may imply a weakening economy going forward.-U.S. Small-Business Owners Pessimistic Post-Election

Saturday, November 24, 2012

Republicans, you are so lucky Romney lost! The economy is going down the drain in the next four years. Let that ass Obama and his sicko Democrap party take the blame!

Already scheduled now under current law in 2013 is the expiration of those Bush tax cuts, which President Obama has refused to renew for single workers making over $200,000 a year, and couples making over $250,000. Also scheduled to go into effect in 2013 under current law are all the tax increases of Obamacare. Together, these job killing tax policies would result in a sharp increase in the tax rates on the nation's small businesses, job creators, and investors for virtually every major federal tax.

These taxpayers would see their income tax rates jump by nearly 20%, the capital gains tax rate increase by nearly 60%, the total tax rate on corporate dividends increase by nearly three times, their Medicare payroll tax rate increase by 62%, and the death tax rise from the grave with a 55% rate. This would go way beyond the outdated Obama talking point about returning to the Clinton tax rates, adding up to a top federal tax rate of 44.8% on wage income alone, besides all the tax increases on capital income, on the way up to a 62% top federal tax rate.-The Coming Crash of 2013

If Americans will trample one another just to save a few dollars on a television, what will they do when society breaks down and the survival of their families is at stake? Once in a while an event comes along that gives us a peek into what life could be like when the thin veneer of civilization that we all take for granted is stripped away. For example, when Hurricane Sandy hit New York and New Jersey there was rampant looting and within days people were digging around in supermarket dumpsters looking for food. Sadly, "Black Friday" also gives us a look at how crazed the American people can be when given the opportunity. READ MORE: Are Black Friday Riots A Preview Of The Civil Unrest That Is Coming When Society Breaks Down?

Sunday, November 18, 2012

Name that country: surging debt, a rapidly falling currency, a sclerotic political system, and a central bank pulling out all the stops to revive a stagnant economy.

If you guessed either Japan or the United States, both would be the correct answer. This week, the similarities between two of the world’s economic heavyweights became more apparent, with both starting to resemble ugly twin sisters. Read More: Economic Woes Turn US, Japan Into Ugly Stepsisters

Saturday, November 10, 2012

Marc Faber warns of 20% market plunge- The Swiss investment analyst and entrepreneur spoke with Fox Business Network on what to expect from the markets during a second Obama term and about the impending fiscal cliff. “I think from the peak the market will drop at least 20%. I think we will revisit the lows of June at 1,266 on the S&P.” On the markets’ reaction to the election he added, “I’m not surprised the market is selling off because technically the market was weak already for a couple of months and we are in a downtrend and Mr. Obama’s economic policies are obviously not very good for an economic expansion.”
Read more:Why Marc Faber Predicts A 20% Market Slide

Sunday, September 23, 2012

Thursday, August 30, 2012

Anyone who thinks the U.S. is in recovery should stop listening to the mainstream media and listen to John Williams. He heads up http://www.shadowstats.com/, and is one of the few economists who crunches the numbers to give unvarnished true statistics. Adjusted for real inflation of about 7%, Williams says, "GDP has plunged, and we have been bottom bouncing" ever since the financial crisis started. Williams says, "The next crash will be a lot worse (than 2008) because it will push us into the early stages of hyperinflation." He predicts this will happen "by the end of 2014" at the latest. Long before 2014, Shadowstats.com thinks there is a good chance of "panic selling of the U.S. dollar," if the Federal Reserve starts another round of money printing (QE3) to save the system and the big banks. No matter what Williams predicts, "There will eventually be a crisis to bring the system down as we know it. . . . We're on the brink." According to Williams, "at some point, you will see a new currency in the U.S." The founder of Shadowstats.com sat down for a one on one interview with Greg Hunter to talk about the mathematical certainty of a systemic collapse in the not-so-distant future.-http://youtu.be/seBWlOMt2Tk

Friday, July 13, 2012

Yesterday, the USDA reported that the average farm price for corn in the 2012/2013 season is projected to rise sharply from $4.20-$5.00 a bushel to $5.40-$6.40 due to the extreme heat and drought across corn country that has been wreaking havoc on crop production. For Americans, it means we can expect to see higher food prices coming to a store near you. Higher prices won't just be on ears of corn, but on all other products that depend on corn. The price of meat, milk, cereal, candy, and other food will all be impacted.

Roubini says there is virtually no chance that "pump primimg" will work this time and that the governing class should let the coming bust work itself out. They won't. They can't. Which means it will be worse than it has to be...

Monday, March 12, 2012

Anger has flared up in Spain once again, as thousands flooded the streets to protest against tough government cuts and the recently passed new labor laws. Spanish unions staged mass rallies in 60 cities.

Spain's jobless rate is the highest in the Eurozone, with almost half of its young population unemployed. However while the government struggles to stay in the single currency, there's a town that's already going back to the good old days.-http://youtu.be/KMU4d36MQ9Q

Sunday, February 26, 2012

State representatives on Friday advanced legislation to launch a study into what Wyoming should do in the event of a complete economic or political collapse in the United States.
House Bill 85 passed on first reading by a voice vote. It would create a state-run government continuity task force, which would study and prepare Wyoming for potential catastrophes, from disruptions in food and energy supplies to a complete meltdown of the federal government.

Mad Moonbeam Brown wants to raise Californians taxes (when the state already has some of the highest income and sales taxes in the nation). The insane Democrat controlled state government has been out of control for decades, but the chickens finally came home to roost:

Friday, January 27, 2012

The phony recovery that Obama the Liar touts is shown for the mirage that it is. Even the pathetic "growth" of 1.7% is due to the artificial propping up (bailouts, "stimulus", Fed manipulation of interest rates, money printing) of the what's left of the economy.

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.-Business Insider: 1.7%

Thursday, January 12, 2012

Monday, January 2, 2012

For the most chilling parallel, though, we should look back exactly 80 years, to the cold wintry days when 1931 gave way to 1932.

The ultimate warning from history: If our political leaders fail to provide adequate direction the results, as demonstrated 80 years ago, could be catastrophic
Then as now, few people saw much to mourn in the passing of the old year. It was in 1931 that the Great Depression really took hold in Europe, bringing governments to their knees and plunging tens of millions of people out of work.

Then as now, the crisis had taken years to gather momentum. After the Wall Street Crash in 1929 — just as after the banking crisis of 2008 — some observers even thought that the worst was over.

But in the summer of 1931, a wave of banking panics swept across central Europe.